CAJIM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CAJIM
Largest movements
- Current investments +€24,001
up €24,001 (+53.0%), from €45,325 to €69,326
- Cash +€13,854
up €13,854 (+30.6%), from €45,289 to €59,143
mainly Net result for the year (+€70,099) and Other debts (+€60,400)
- Other debts +€60,400
up €60,400 (+1,986%), from €3,041 to €63,441
- Profit (loss) carried forward -€39,901
down €39,901 (-41.7%), from €95,624 to €55,723
- Tax, wage and social debts +€14,441
up €14,441 (+2,117%), from €682 to €15,123
- Trade debts +€3,522
up €3,522 (+257%), from €1,368 to €4,890
- Gross operating margin +€19,026
up €19,026 (+26.5%), from €71,847 to €90,873
- Taxes +€4,048
up €4,048 (+29.0%), from €13,952 to €18,000
- Other operating charges -€2,733
down €2,733 (-56.8%), from €4,809 to €2,076
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,315 | €157,777 | +€38,462 | +32.2% |
| Fixed assets | 21/28 | €1,735 | €1,170 | -€565 | -32.6% |
| Tangible fixed assets | 22/27 | €1,646 | €1,081 | -€565 | -34.3% |
| Furniture and vehicles | 24 | €1,646 | €1,081 | -€565 | -34.3% |
| Financial fixed assets | 28 | €89 | €89 | = | 0.0% |
| Current assets | 29/58 | €117,580 | €156,607 | +€39,027 | +33.2% |
| Amounts receivable within one year | 40/41 | €26,966 | €28,138 | +€1,172 | +4.3% |
| Trade receivables | 40 | €17,660 | €16,638 | -€1,022 | -5.8% |
| Other amounts receivable | 41 | €9,306 | €11,500 | +€2,194 | +23.6% |
| Current investments | 50/53 | €45,325 | €69,326 | +€24,001 | +53.0% |
| Cash at bank and in hand | 54/58 | €45,289 | €59,143 | +€13,854 | +30.6% |
| Total equity and liabilities | 10/49 | €119,315 | €157,777 | +€38,462 | +32.2% |
| Equity | 10/15 | €114,224 | €74,323 | -€39,901 | -34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,624 | €55,723 | -€39,901 | -41.7% |
| Amounts payable | 17/49 | €5,091 | €83,454 | +€78,363 | +1,539% |
| Amounts payable within one year | 42/48 | €5,091 | €83,454 | +€78,363 | +1,539% |
| Trade debts | 44 | €1,368 | €4,890 | +€3,522 | +257% |
| Suppliers | 440/4 | €1,368 | €4,890 | +€3,522 | +257% |
| Taxes, remuneration and social security | 45 | €682 | €15,123 | +€14,441 | +2,117% |
| Taxes | 450/3 | €682 | €15,123 | +€14,441 | +2,117% |
| Other amounts payable | 47/48 | €3,041 | €63,441 | +€60,400 | +1,986% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48 | €564 | +€516 | +1,075% |
| Other operating charges | 640/8 | €4,809 | €2,076 | -€2,733 | -56.8% |
| Gross operating margin | 9900 | €71,847 | €90,873 | +€19,026 | +26.5% |
| Operating profit (loss) | 9901 | €66,990 | €88,233 | +€21,243 | +31.7% |
| Financial income | 75/76B | €593 | - | -€593 | |
| Recurring financial income | 75 | €593 | - | -€593 | |
| Financial charges | 65/66B | €237 | €134 | -€103 | -43.5% |
| Recurring financial charges | 65 | €237 | €134 | -€103 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €67,346 | €88,099 | +€20,753 | +30.8% |
| Income taxes | 67/77 | €13,952 | €18,000 | +€4,048 | +29.0% |
| Profit (loss) for the period | 9904 | €53,394 | €70,099 | +€16,705 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,394 | €70,099 | +€16,705 | +31.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.